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Fate of major trade deal with EU hangs over Mercosur summit
Fate of major trade deal with EU hangs over Mercosur summit
by  AFP

The fate of a landmark trade deal with the European Union, which France is trying to block, looms large over a summit this week of South America's Mercosur bloc. - 'Lowest ebb' - The biannual Mercosur summit comes at a low point in relations between Brazil and Argentina, South America's biggest and second-biggest economies respectively.

Philippines biodiversity hotspot pushes back on mining
Philippines biodiversity hotspot pushes back on mining
by  AFP

A nickel stockpile towers over farmer Moharen Tambiling's rice paddy in the Philippines' Palawan, evidence of a mining boom that locals hope a new moratorium will tame. For some in Palawan, the demand for nickel to power EVs has a certain irony.

Deal or no deal: What happens with Trump's July tariff deadline?
Deal or no deal: What happens with Trump's July tariff deadline?
by  AFP

A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many are still scrambling to reach a deal that would protect them from the worst. This week, EU trade chief Maros Sefcovic is in Washington in a push to seal a trade deal, with the EU commission having received early drafts of proposals that officials are working on. bys/sla

French league launches own channel to broadcast Ligue 1
French league launches own channel to broadcast Ligue 1
by  AFP

The French football league (LFP) announced on Tuesday the creation of its own channel to broadcast Ligue 1 matches next season, after clubs voted in favour of ending a deal with DAZN. An agreement was struck for a "TV and digital platform entirely dedicated to Ligue 1" following a meeting of club presidents, the LFP's board of directors and representatives of its commercial arm, LFP Media.

IMF urges Swiss to strengthen bank resilience
IMF urges Swiss to strengthen bank resilience
by  AFP

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws exposed by the collapse of Credit Suisse. Credit Suisse, Switzerland's second-biggest bank, was among 30 international banks deemed too big to fail due to their importance in the global banking architecture.